Trauma Insurance

When you’ve made major financial commitments, like having children or taking out a mortgage, you’re relying on your ability to keep supporting them for many years. But if you take yourself out of the picture, those commitments can become a major burden for your family.

Life insurance provides for the insured benefit amount to be paid to your dependants if you die or are diagnosed as terminally ill.

What this means to you

The money provided by life insurance can play an important role in eliminating your debts and other financial obligations. If you have a family, it can also be used to provide an ongoing source of income for their future needs — helping them maintain their current lifestyle.

Some of the outcomes that life insurance is often used to achieve include:

  • Paying your medical bills and funeral expenses.
  • Eliminating your mortgage and other debts (including business debt if you’re self-employed).
  • Providing for household bills and everyday living expenses.
  • Providing for the future education costs for your children.
  • Adding cash to your estate so it can be divided equitably without the need to sell assets.

Insurance policies will often vary in their features and benefits, so you should work with us to choose a policy that suits your needs and your budget.

What are the chances?

Six in ten people with dependants don’t have enough insurance cover to look after their family for more than one year if they were to die.

Disclaimer: Please note that this information is of a general nature only and have been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.